Aircraft Fuel Systems Market - Global market to grow at a CAGR of 6.81% during 2016-2020

Aircraft Fuel Systems Market - Global market to grow at a CAGR of 6.81% during 2016-2020

Published on : Mar 03, 2016

Albany, New York, March 03, 2016 – ResearchMoz.us has announced the addition of a new report to its repository, titled “Global Aircraft Fuel Systems Market 2016-2020.” The report provides a comprehensive overview of the global market for aircraft fuel systems. It presents insights pertaining to the growth drivers and restraints that will impact the market’s overall growth trajectory between 2016 and 2020.

An aircraft fuel system includes storage tanks, pumps, valves, metering devices, filters, monitoring devices, and fuel line. The system allows fuel to pass through the propulsion system and auxiliary power unit (APU). These devices are developed, designed, and certified under the Code of Federal Regulations guidelines. Fuel systems to be incorporated in an aircraft depend upon its size and structural complexity. The mechanisms allowing fuel to flow from storage tanks to the engines are pump feed system, gravity feed system, and fuel injection system.

According to the report, the global market for aircraft fuel systems is anticipated to exhibit a CAGR of 6.81%

Several factors such as the growing commercial aircraft deliveries, rapid development of the commercial aviation sector, and the modernization of military aircraft are fuelling the demand for aircraft fuel systems globally. Due to the prevailing volatility in the global oil prices, aircraft operators are now focusing on designs for more fuel-efficient aircraft. The overall weight of an aircraft plays a crucial role in increasing its fuel efficiency. Hence, the manufacturers of aircraft fuel systems are deliberately investing on the innovation of the latest systems made of lightweight composites to render aircrafts more fuel-efficient. Ensuring fuel efficiency in aircraft will mean a substantial reduction in operating costs, which has resulted in high demand for aircraft fuel systems.

However, on the flip side, the global market for aircraft fuel systems will be adversely impacted by the economic slowdown witnessed in Europe and North America. For instance, defense budget cuts in developed countries such as the U.S. and several other countries in these two regions will force them to decrease their spending on aircraft systems. Nevertheless, the market will capitalize on the development of next-generation fuel systems in the near future.

In 2015, Asia Pacific is likely to witness the highest number of commercial aircraft deliveries, followed by North America and Europe. The Middle East, being the central hub between North America and Asia Pacific, is likely to emerge as the fastest growing market for aircraft fuel systems.

The report provides an in-depth analysis of the most lucrative regional markets for aircraft fuel systems. It studies in detail the factors influencing the growth of the key regional markets for aircraft fuel systems, which include the Americas, APAC, and EMEA. The report has been compiled based on exhaustive information obtained from industrial sources and valuable insights from industry experts.

To provide an executive-level blueprint of the global aircraft fuel systems market, the report also profiles the most prominent companies operating in the market. Honeywell International, United Technologies, Parker Hannifin, Eaton¸ and Woodward are identified as the key vendors operating in the global aircraft fuel systems market. Other prominent companies profiled in the report include Aloft AeroArchitects, Robertson Fuel Systems, GKN Aerospace, Zodiac Aerospace, and GE Aviation.